American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

DJT stock jumps 10% after Trump rules out selling stake in Truth Social operator

by admin November 9, 2024
November 9, 2024
DJT stock jumps 10% after Trump rules out selling stake in Truth Social operator

Shares of Trump Media soared on Friday after President-elect Donald Trump reiterated that he has no intention of selling his stake in the company behind Truth Social.

He also called for an investigation into those spreading contrary rumors.

Trump’s statement, shared on Truth Social, marked his first personal message since his surprising win against Democratic Vice President Kamala Harris in Tuesday’s election.

DJT stock spiked by more than 10% immediately following Trump’s post, prompting a brief halt in trading due to heightened volatility.

“These are false, misleading, and possibly illegal rumors—likely spread by market manipulators or short sellers—that I am looking to offload my shares in Truth,” the Republican leader declared in his Friday morning post.

“THESE CLAIMS ARE FALSE. I HAVE NO PLANS TO SELL!” Trump added.

“I call for an immediate investigation into those behind these baseless rumors and any past attempts to manipulate the market.”

Trump holds the majority ownership of Trump Media, with his stake valued at over $3 billion as of Friday.

The company reported a net loss of $19 million for the previous quarter, with revenues just exceeding $1 million.

Despite this, the stock saw gains on Wednesday, fueled by Trump’s political victory and the support of his followers who view investments in the company as a show of solidarity.

However, shares dropped more than 22% on Thursday, erasing some of the gains seen in the lead-up to the election.

The post DJT stock jumps 10% after Trump rules out selling stake in Truth Social operator appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Ibovespa struggles as Brazilian real hits two-week lows amid rising inflation concerns
next post
Tesla surpasses $1 trillion market cap as stock soars following Trump’s election victory

Related Posts

Here’s why the Robinhood stock price could surge...

November 27, 2024

Mitsubishi commits $27B investment over 3 years to...

April 3, 2025

Silver lining for consumers: Food price growth has...

May 16, 2024

Brigitte Macron wins defamation lawsuit against conspiracy theorists...

September 13, 2024

Asia markets today: Stocks rise as investors evaluate...

March 5, 2025

China’s export curbs on critical minerals raise alarms...

June 4, 2025

SoftBank Vision Fund posts $3.96 billion quarterly gain:...

November 12, 2024

Jim Cramer says Disney stock can go higher:...

May 28, 2025

Australia, New Zealand top global rankings in per...

June 26, 2025

Rolls-Royce share price has stalled: will the surge...

June 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved